re: [4244],[4245],[4246],[4247],[4248],[4251],[4252],[4254]
I think the current discussion about production
period is a bit confused.
Paul C's approach is very reasonable if one would
model the actual economy with statistics in order
to research the characters of the motion of the
actual economy or to make a forcast at macro level.
I'm no opposite to it and I myself do like that.
In contrast, if we seek the essential behaviour
of capitalist mode of production, I think we have
to consider production periods even at macro level.
Probably modelling with such methodology provides
us much complexity.
In modelling multiple sectors, we cannot assume
the same production period for each sectors at least,
and probably would better assume different entry
time for each input goods.
In general for j-th sector, TSSers get:
Vj[t1]=SIGMA(Aij*Pi[t0+ti])+Lj[t0,t1]
Vj : value produced in j-th sector
Aij : input/output coefficient
Pi : price of input from i-th sector
Lj : value of labor used in j-th sector
t0j : begin of production period of j-th sector
t1j : end of production period of j-th sector
tij : entry time from i-th sector
If we suppose an appropriate function for Pi, we can
examine some numerical examples and observe their
behaviours.
In such method, its complexity should be regarded as
complexity.
in solidarity,
Iwao